ES Thursday 9-6-12

lots of quick babble but my basic plan is to be short if we open above the 1409 high first using the 1411.50 - 1412.50 to initiate from...watching last weeks highs and 1416.50 carefully if they push out the O/N high

agree abt the 16.5...i sold 17.5 and added at 19 and took most out at 16.5

did not have a good feeling abt this trade...had 21-22.5 as another area above, but would have proly taken the loss at 20 if it had hit to reload shorts from higher above

we had two buy imbalances back to back on the first two 5m bars (which usually signal the bias for most of the day at least) but were immediatly followed by a decent sell imbalance which adds some clouds to the bullish trend day forecast...if bulls take that bar out rather quickly then all bets are off